Jumbos Saw Biggest 60+ Day Delinquency Rise

Jumbo fixed and Jumbo ARM mortgages have experienced the largest increase in 60+ day delinquencies on a percent basis in all seven major product types, which include Alt-A fixed, subprime fixed, Alt-A ARM, subprime ARM and option ARM. The delinquency pipelines for these two products have nearly doubled since November, according to the April delinquencies analysis by FTN Financial.

The 60+day percentage for 07 vintage Jumbo ARMs swelled to 12.67. This is the only product type where the total of the 60+ percentage and the cum default percentage is worse for the 07 vintage than the 06 vintage, analysts said.

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